Eligible Projects

Eligible Projects. Eligible projects financed with RIF must be publicly owned with the exception of loan guarantees to rural businesses. All contracts and purchases must be made in accordance with normal bid and purchase laws of a municipality or county. Eligible projects include, but are not limited to: A. Construction, rehabilitation or repair of building; B. Sewer systems and transportation directly affecting the site of the proposed rural business; C. Sewer facilities; D. Acquisition of real property, development to real property, improvements to real property; E. Any other project approved by MDA, and F. Loan guarantees to Rural Businesses not to exceed eighty percent (80%) of the principal loan amount.